Wow.......Platinum at $1515........who would have thought it??

2manycoins2fewfunds

!!!!!!!!

claychaser

Maybe the 30,000 plat reverse proof buyers are smarter than we think?

bigbadchad777

Seems like silver has some catching up to do.

planetsteve

I read one of the articles linked from Kitco about a month ago that said Pt was on its way up. Production capacity and other issues, increasing demand, and -- contrary to what some may believe -- we need platinum for catalytic converters more than ever. (Palladium, OTOH, not so much.)

ahooka454

glad i got my set. my first bullion buy and first mint buy. we'll see what happens....

greedygeek

planet steve....I agree it's global industrial growth driving demand. More cars, more emerging market growth. Drives platinum price more than gold and silver. Not to mention much fewer producers of platinum vs gold so easier to corner the market. Im cautiously optimistic that growth may be slowing in the US, but wont drag the rest of the world down. But if I were to hedge against platinum, I would look at shorting Anglo American. They produce 40% of world platinum supply. Its too early to make that call.....but I worry that financials dont exsist in a bubble of its own...and if markets start turning south next year, I expect platinum to follow. When an asset has increased by 4x over a decade....the flight to quality wont be comming its way.

Hyperion

<< <i>planet steve....I agree it's global industrial growth driving demand. More cars, more emerging market growth. Drives platinum price more than gold and silver. Not to mention much fewer producers of platinum vs gold so easier to corner the market. Im cautiously optimistic that growth may be slowing in the US, but wont drag the rest of the world down. But if I were to hedge against platinum, I would look at shorting Anglo American. They produce 40% of world platinum supply. Its too early to make that call.....but I worry that financials dont exsist in a bubble of its own...and if markets start turning south next year, I expect platinum to follow. When an asset has increased by 4x over a decade....the flight to quality wont be comming its way. >>



I thought that was an unusually sophisticated response from a YN.....
you're NOT NOTLOGICAL !